August 15 | Mortgage Bankers News

Apartment Financing Costs Hit Record Lows in Second Quarter | by Michael Tucker

Mortgage Bankers Association NewsLink reports: Apartment lending standards continued to ease in the second quarter, reported Chandan Economics, New York, reflecting higher property prices, lower cap rates and increasingly robust competition among lenders. "The cost of financing apartment acquisitions and refinancing maturing apartment loans fell to record lows in the second quarter," said Sam Chandan, the firm's president and chief economist.